Apple Inc. became the first $1 trillion US publicly listed U.S. company on Thursday, crowning a decade-long rise fuelled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications.
The tech company’s stock jumped 2.9 per cent to end the day at $207.39 US, giving it a market capitalization of $1.002 trillion US. During the session, Apple’s stock market value reached as much as $1.006 trillion US.
Apple has rallied about 9 per cent since Tuesday, when it reported June-quarter results above expectations and said it bought back $20 billion US of its own shares. It was Apple’s best-two-day run since April 2014.
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